Nation of Debt: Higher taxes, deeper spending cuts inevitable as economy suffers from long Covid
Some tough political choices will need to be made. Source: NZ Herald Business News
Insurance premium growth to finally abate if not fall, say Suncorp and IAG chief executives
A soft insurance market is beneficial for businesses in particular. Source: NZ Herald Business News
ASB profit dips as it grows its workforce by 13% and puts $33m aside for customer compensation
The bank reports an annual profit of $1.45 billion. Source: NZ Herald Business News
Adrian Orr’s Reserve Bank hiring spree unwound, with proposal for 1 in 4 jobs to be cut
The proposal would only take staffing back to 2023 levels. Source: NZ Herald Business News
Government lifts probate threshold, cutting red tape associated with death
The probate threshold is set to rise. Source: NZ Herald Business News
Bank-hopping among mortgage holders hits record high as loan terms remain short
Broker warns borrowers often realise the grass isn't always greener on the other side. Source: NZ Herald Business News
Government to ban card payment surcharges, businesses to pick up the tab
The change will benefit those who shop in-store, rather than online. Source: NZ Herald Business News
Commerce Commission dismisses Federated Farmers’ bank collusion claim
Competition watchdog says Net-Zero Banking Alliance isn't anti-competitive. Source: NZ Herald Business News
ASB joins ANZ in declining legal settlement proposal, as Winston Peters comes in to bat for them
ANZ declined similar settlement proposal earlier in the week. Source: NZ Herald Business News
ANZ dismisses $300m legal settlement offer as a ‘cynical’ attempt to influence law reform
ASB yet to respond to class action settlement offer. Source: NZ Herald Business News